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Feb 21, 2013
02/13
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KQED
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how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy. here's what those fed minutes revealed: "many" policymakers voiced concerns about "potential costs and risks" from more bond buying. others said that the easy-money policies might encourage "excessive risk-taking" and that could have "adverse consequences for financial stability" policymakers also noted positive developments in the economy, as more businesses are optimistic about the economic outlook. nervousness about the fed's next moves pulled down stocks: the
how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy....
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Feb 21, 2013
02/13
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KRCB
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solve our oble at home unless we have an international outlook because of the interconnectedness of our economies, competition and so for us to all of a sudden pull up the gangplanks and worry about ourselves alone i think will bring the kind of problems that we saw before. nothing is a complete analogy, but i do think that there are some lessons learned from this. i do also believe that many americans do understand that we have a stake in what is happening inther countries. the part that i think we need to understand now is i believe in the strength of america. i think that we have a huge role to play in the world but i don't see why we have to do everything alone and so i very much agree with the approach of having partners where we can, in fact, help in other parts of the world together. that would be my shortest version of what i believe in and that i really do think while i understand the pain of people in this country ithink only solution t resolving it is for us to be active internationally with others. >> rose: one question is whether that's what the rest of the world wants. many people c
solve our oble at home unless we have an international outlook because of the interconnectedness of our economies, competition and so for us to all of a sudden pull up the gangplanks and worry about ourselves alone i think will bring the kind of problems that we saw before. nothing is a complete analogy, but i do think that there are some lessons learned from this. i do also believe that many americans do understand that we have a stake in what is happening inther countries. the part that i...
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Feb 18, 2013
02/13
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CSPAN2
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and what -- misbehavior, and what if we threw him out of office or demanded his resignation as the economy was recovering? all the way back to the french and indian war. a very young george washington was writing very romantic letters to a woman who was not mrs. washington. her name was sally fairfax, a very attractive, older, sophisticated neighbor. what if washington's letters had become public during the french and indian war or the revolutionary war? much as petraeus' e-mails became public? and what if we got rid of george washington? so bill clinton's not the first and not the worst. petraeus is not the first and not the worst. been there, done that, there's a long history of it. in fact, it pains me to say that even abraham lincoln -- [laughter] visited a prostitute. i know. say it isn't so, right? but it happened. now, the details on it are sketchy. there's not a lot of letters written about this. but here's what we can piece together. lincoln's best friend was joshua speed, and speed was perhaps as dashing and as happened handsome and as, quote-unquote, lucky with the ladies as lin
and what -- misbehavior, and what if we threw him out of office or demanded his resignation as the economy was recovering? all the way back to the french and indian war. a very young george washington was writing very romantic letters to a woman who was not mrs. washington. her name was sally fairfax, a very attractive, older, sophisticated neighbor. what if washington's letters had become public during the french and indian war or the revolutionary war? much as petraeus' e-mails became public?...
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Feb 17, 2013
02/13
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CSPAN
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look at what you're enjoying from the technology that has spread the whole economy and the economy of the world. >> and we won the cold war. >> we did. >> that was a big part of it getting to the moon first, for whatever reason, after that the cold war changed. so we did get a lot out of it. that is a great question. i would like to let charlie talk a the real deal. >> then we're going to have questions from you guys. ok. >> thank you. >> thank you. [applause] >> this is a 15-minute video that i put together. it is excerpts from a d.v.d. i did, called "moon walker." i produced it about 20 years ago or so. what you're going to see is apollo 15 from liftoff to splashdown. this version is silent so i will narrate it for you. we're getting our little mac queued up back there. you will see the liftoff, that was the biggest rocket ever launched. it took us -- all the apollo moon missions were on the satellite 5. -- saturn 5. it is 360 feet tall and weighed six and half million pounds. the engines, there were five at the bottom they were produced and seven and half million thrusts. the fuel
look at what you're enjoying from the technology that has spread the whole economy and the economy of the world. >> and we won the cold war. >> we did. >> that was a big part of it getting to the moon first, for whatever reason, after that the cold war changed. so we did get a lot out of it. that is a great question. i would like to let charlie talk a the real deal. >> then we're going to have questions from you guys. ok. >> thank you. >> thank you....
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Feb 17, 2013
02/13
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CSPAN
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stimulated the economy of the world. i got an iphoneo n my hip -- iphone on my hip that has 2000 times the memory of an apollo computer. can you imagine? the space station guys, they have texts, skype or something up there. and they're all on their laptops. it boggles your mind what is going on there technologically. >> today you could probably tweet what is going on on your flight. i know and a first light and only slight, -- first and only fightlight, on the way back to earth, you got to do spacewalk. >> it was totally different. a different experience. as i described being on the moon, it contrasts the gray lunar surface with the blackness of space. people ask me what the the earth like from the moon? i said i cannot tell you because i landed in the center of the moon which took the earth directly overhead. in an apollo space suit, it is like being in a fishbowl. you move your head but the helmut does not move. so i did not get to see the earth very much from the moon. but in lunar orbit, you come around from the back
stimulated the economy of the world. i got an iphoneo n my hip -- iphone on my hip that has 2000 times the memory of an apollo computer. can you imagine? the space station guys, they have texts, skype or something up there. and they're all on their laptops. it boggles your mind what is going on there technologically. >> today you could probably tweet what is going on on your flight. i know and a first light and only slight, -- first and only fightlight, on the way back to earth, you got...
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Feb 20, 2013
02/13
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FBC
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we have a $15.8 trillion economy. it is one quarter percent of the size of our overall economy. dagen: do these need to happen, though, as far as a base line? if we let these have been and realize they are not hard on the economy, that could open the door for something more serious? >> they also need to have basic credibility. spending cuts are counted over ten years. they have not yet happened. these are clumsy cuts. it would be nice to have them replaced by more targeted cuts. it is better to have more cuts really in the bank taking place. like me saying i am going to go on a diet, but i am going to eat a big desert right now. i eat the calories now and i never get around to dieting later. dagen: do you believe that the markets, those still willing to lend money to the u.s., that they need to see movement in order to feel secure about, not just find that that, but continuing to own it at this point to be satisfied that we will try to at least begin to write ourselves financially. >> the problem is, the real things we need to address are the things that drive the debt of five y
we have a $15.8 trillion economy. it is one quarter percent of the size of our overall economy. dagen: do these need to happen, though, as far as a base line? if we let these have been and realize they are not hard on the economy, that could open the door for something more serious? >> they also need to have basic credibility. spending cuts are counted over ten years. they have not yet happened. these are clumsy cuts. it would be nice to have them replaced by more targeted cuts. it is...
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Feb 22, 2013
02/13
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COM
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there's the economies of all of us and the island, health care economy. we've had a pretty rough time over the last four or fives, six years in our economy. there's a lot of unemployment, a lot of pressure on us. not on that island. everybody just keeps making more money. >> jon: right. >> it's as if they don't exist in the universe and worst of all, the money they are making they are taking from all of us and bankrupting the country and it's bankrupting people. 60% of the personal bankruptcies in this country come from medical bills. >> jon: what is crazy to me is when you begin to tease it apart. when you begin to deconstruct it, it's made of sand. as i'm reading it's 36 pages. as you get higher and higher in the pages you feel like chuck yaeger breaking the sound barrier. i was like oh, my god. by page ten i was like i can't take it anymore. there's something -- you cannot believe this. there's something called the charge master. >> right. >> jon: and the charge master sets the price. so if you want an mri that's $6,000 according to the charge master.
there's the economies of all of us and the island, health care economy. we've had a pretty rough time over the last four or fives, six years in our economy. there's a lot of unemployment, a lot of pressure on us. not on that island. everybody just keeps making more money. >> jon: right. >> it's as if they don't exist in the universe and worst of all, the money they are making they are taking from all of us and bankrupting the country and it's bankrupting people. 60% of the personal...
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Feb 16, 2013
02/13
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FOXNEWSW
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we don't care where it goes it will be good for the economy. guess what, you fund solyndra instead of shovel ready projects. i will say this: the president is at his worst when he is most liberal. when the republicans actually won the house and picked up seats in the senate it's when he pushing for his big government agenda. when he backed off of that, that is when barack obama seems more reasonable. i think he is going to shoot himself in the foot with this stuff. >> neil: this is part of a much bigger problem that is coming across from prominent democrats not only avoiding the spending problem but dismissing it as problem at all. >> it is almost a false argument to say that we have a spending problem. >> i want to disagree with those that say we have a spending problem. when they talked about that, it's like there is an assumption somehow we as a nation is broke. >> neil: what do you think of that? >> i just could sense in my bones we were coming to nancy pelosi first on this subject. >> neil: i could have picked half a dozen prominent democr
we don't care where it goes it will be good for the economy. guess what, you fund solyndra instead of shovel ready projects. i will say this: the president is at his worst when he is most liberal. when the republicans actually won the house and picked up seats in the senate it's when he pushing for his big government agenda. when he backed off of that, that is when barack obama seems more reasonable. i think he is going to shoot himself in the foot with this stuff. >> neil: this is part...
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Feb 20, 2013
02/13
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WETA
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. >> well they certainly affected the economy, had a huge effect on the economy and led to the devaluation of the iranian currency. but it's an excellent question because there's some talks coming up now in kazakhstan of all places in late february involving the eu, the united states and the iranians. and so this is going to be a venue in which people are going to be able to see to a certain extent how serious iran is about negotiating on limits on its nuclear program. there hasn't been negotiations for some significant period of time. and this is an opportunity to test the iranians. i think this initial round is not going to prove much but certainly over the next six months, i think there will be an ample opportunity to see if there is an intent on the iranian part to reach some sort of compromise. >> rose: leon panetta and others have said the following. we have no information that there's been a decision on the part of the iranian government and the most influential people there to builds a nuclear weapon and a missile that will deliver it. what do they mean when they say that? >> well,
. >> well they certainly affected the economy, had a huge effect on the economy and led to the devaluation of the iranian currency. but it's an excellent question because there's some talks coming up now in kazakhstan of all places in late february involving the eu, the united states and the iranians. and so this is going to be a venue in which people are going to be able to see to a certain extent how serious iran is about negotiating on limits on its nuclear program. there hasn't been...
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Feb 20, 2013
02/13
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WUSA
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but in the long-term picture economies tend to be talked about by the presidential terms and what the white house is worrying about is this economy which is struggling would really take a hit if the sequester took a hit over the long period of time. that in the end through history's eyes, that makes the obama economy weaker and that's not great legacy item for this prb. >> so, john, with nine days and counting and no talks scheduled on either side, do you think it's inevitable it's going to happen? >> it's inevitable we'll get to march 1st. we talk about the budget fight as game of chicken. it's really a game of uncle, which is to say who's going to cave in first. >> who wins or loses in this with each party blaming the other? >> they both lose in terms of the country looking at them. the republicans seem to be losing more. they're trying to reorder the argument here and connect with people's fundamental feeling about the size of government, especially with tax time coming, people paying these big tax bills and wondering what they're getting for it. that's the hopes. but so far they'r
but in the long-term picture economies tend to be talked about by the presidential terms and what the white house is worrying about is this economy which is struggling would really take a hit if the sequester took a hit over the long period of time. that in the end through history's eyes, that makes the obama economy weaker and that's not great legacy item for this prb. >> so, john, with nine days and counting and no talks scheduled on either side, do you think it's inevitable it's going...
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Feb 17, 2013
02/13
by
FBC
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eye 103
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it will be good for the economy and guess what, you fund solyndra and it's a shovel ready projects as we know that happened. i will say this, the president generally, politically is at his worse when he's the most liberal. if you look at when the republicans actually looke at the house and picked up seats in the senate when he was pushing his big government agenda. when he backed off of that, the second year, year and a half. that's when president obama seems a lot more reasonable. i think he's overshooting and going to shootimself in the foot. >> adam. i want to get-- i think this is personal though. a much bigger problem that's coming across from prominent democrats, not only avoiding the spending problem, but dismissing it as a problem as all. let's listen to some reaction. >> it's almost a false argument to say we have a spending problem. >> i want to disagree with those who say we have a spending problem. >> and we have a spending problem. >> and when he talk about that, like there's an assumption that somehow, we as a nation are broke. >> what do you think of that adam? >> it's
it will be good for the economy and guess what, you fund solyndra and it's a shovel ready projects as we know that happened. i will say this, the president generally, politically is at his worse when he's the most liberal. if you look at when the republicans actually looke at the house and picked up seats in the senate when he was pushing his big government agenda. when he backed off of that, the second year, year and a half. that's when president obama seems a lot more reasonable. i think he's...
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Feb 22, 2013
02/13
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KQED
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eye 124
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this health care economy is going to eat us alive. i mean it's almost as if, charlie, we've been living in two worlds. in our world, in everybody's world except the health care world, the economy is actually to the been so great in case you haven't noticed in you know the last you know decade. certainly the last five or six years. the economy hasn't been so great there are issues with employment, issues with income security, all this stuff that we've all lived through. then there's this other world in the united states called the health care economy where everything has been booming. the jobs keep growing. incomes keep going up. hospitals -- >> insurance companies are doing okay. >> the insurance companies are doing okay. ge is doing great, selling cat scans, siemens is doing great selling cat scans. the drug companies are doing great. it got to a point because i started this, you know, awhile ago, we just updated the c.e.o. salaries for the hospitals i write about. they were going up 5, 10, 15%. >> a bitter pym by steven brill. nicol
this health care economy is going to eat us alive. i mean it's almost as if, charlie, we've been living in two worlds. in our world, in everybody's world except the health care world, the economy is actually to the been so great in case you haven't noticed in you know the last you know decade. certainly the last five or six years. the economy hasn't been so great there are issues with employment, issues with income security, all this stuff that we've all lived through. then there's this other...
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Feb 20, 2013
02/13
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FBC
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this is what drives the economy. >> absolutely that is what drives the economy. place like lowe's, home depot, they're selling other commodities other than lumber. their sales can be up by selliig other products which are not related to lumber. >> they're trading those. leave you with the stock board of the home builders. they're trading today, ashley, the headline, which is us whoing starts down. i tell you, i think there is lot more to be optimistic about in there, even though you're seeing red on the board for homebuilders. ashley: something indeed. jeff flock, as you say up close and personal, on the ground, on the story. thanks so much. tracy: well the postal service survived, rain, heat and snow for hundreds of years. now they're hoping to help you survive it too. the usps partnering with a fashion company who will design and produce the clothing line at no cost to the post office, believe it or not. now the usps will receive a small percentage of sales from the clothing company when its mens line is introduced in department and specialty stores. why small?
this is what drives the economy. >> absolutely that is what drives the economy. place like lowe's, home depot, they're selling other commodities other than lumber. their sales can be up by selliig other products which are not related to lumber. >> they're trading those. leave you with the stock board of the home builders. they're trading today, ashley, the headline, which is us whoing starts down. i tell you, i think there is lot more to be optimistic about in there, even though...
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Feb 21, 2013
02/13
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FBC
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economy is taking a toll on the markets today. right now the dow is down roughly 70 points. >>> according to the mortgage bankers association the mortgage delinquency rate during the fourth quarter hit the lowest level since 2008. the delinquency rate covers loans at least one payment past due but in the foreclosure process. >>> the federal trade commission is warning of new type of cramming of unauthorized fees in phone bills, showing up as real charges on credit card statements. one big culprit, ideal financial solutions. the fcc complaint says they hit tens of thousands americans for fake fees for fake financial services. consumers were build $24 million without their consent. that is the latest from the fox business network, giving you the power to prosper. ashley: the securities & exchange commission is the latest battleground over whether corporations must make additional disclosures of political contributions. our very own charlie gasparino joining us on the phone with an exclusive on this story. what have you found out, ch
economy is taking a toll on the markets today. right now the dow is down roughly 70 points. >>> according to the mortgage bankers association the mortgage delinquency rate during the fourth quarter hit the lowest level since 2008. the delinquency rate covers loans at least one payment past due but in the foreclosure process. >>> the federal trade commission is warning of new type of cramming of unauthorized fees in phone bills, showing up as real charges on credit card...
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103
Feb 19, 2013
02/13
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FBC
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eye 103
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that has impact on economy in general. if you're spending that kind of money on putting gas in your tank, you're not spending it on anything else you like to spend it on. that doesn't say anything more than the picture of the chicago carriage cab lot. you can't afford to make money and drive a cab, you leave it parked. >> it makes you cranky, jeff flock. i was not happy this morning. i paid 3.70. i guess i should be thankful still. >> you got a break.% tracy: you should get warm, jeff. thank you. ashley: tracy cranky, that's terrible. my next guest says there is no relief in sight for the pain at the pump. sorry, trace. tracy: i know. ashley: he says price are headed back to record levels in july 2008. when prices were $4.11. we have professor at duquesne university, consent moores. professor moores, i wish you had better news. why do you think we'll see these prices move even higher? >> there are a number of elements going on here and the first of course is the rising cost of crude oil. despite the fact we're actually sec
that has impact on economy in general. if you're spending that kind of money on putting gas in your tank, you're not spending it on anything else you like to spend it on. that doesn't say anything more than the picture of the chicago carriage cab lot. you can't afford to make money and drive a cab, you leave it parked. >> it makes you cranky, jeff flock. i was not happy this morning. i paid 3.70. i guess i should be thankful still. >> you got a break.% tracy: you should get warm,...
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Feb 23, 2013
02/13
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MSNBCW
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secondly, our economy needs workers, we are in a global battle for capital and labor. and if we're going to have economic growth, which is the thing we need the most in this country today. if we're going to have economic growth after a deep recession and a very, very flat recovery, we need this labor. we not only need the high skill h-1 b labor in the technology world and science world that you hear so much about. we need agriculture labor, we need low-skill labor. and so if we want to see our economy grow we not only have to be more productive we have to have a larger work force. and our work force is not growing fast enough for us to have the kind of growth that we have you got. hundreds of thousands if not millions of jobs in america that are sitting here empty today, because there is nobody to do the jobs. some of those highly skilled, some of them not. >> governor rendell -- >> that is why this agreement, the agreement is so important, because we're not going to make this work economically for the country without a reasonable and responsible guest worker program.
secondly, our economy needs workers, we are in a global battle for capital and labor. and if we're going to have economic growth, which is the thing we need the most in this country today. if we're going to have economic growth after a deep recession and a very, very flat recovery, we need this labor. we not only need the high skill h-1 b labor in the technology world and science world that you hear so much about. we need agriculture labor, we need low-skill labor. and so if we want to see our...
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Feb 23, 2013
02/13
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MSNBC
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eye 92
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economy, big part of the michigan economy, the ohio economy, midwest economy, and they learned to diversify during the crisis. so they are just getting back started. they're just getting back to health. what are we going to do now? we'll yank the carpet out from under them. >> fema, too. if we're looking at these cuts on the state level and we have sandy and we have all of these things happening when a state gets hit, then what? >> it's interesting, this language of the economy just starting to heal, just coming back together, just coming -- just recovering after a disaster. it does feel like here we have a patient who we've nurtured back to sort of minimal health but instead of kind of continuing to nurture that, providing more medication, we're like well, good luck with that, i'm taking your walker and meds. >> before they got cancer, they had a weight problem. now we have taken care of the tumor and now we will staple their stomach, threaten to chop their tongue off if they don't agree to go on some crazy fad diet. this is insane. we don't have a fiscal crisis. we have a political crisis
economy, big part of the michigan economy, the ohio economy, midwest economy, and they learned to diversify during the crisis. so they are just getting back started. they're just getting back to health. what are we going to do now? we'll yank the carpet out from under them. >> fema, too. if we're looking at these cuts on the state level and we have sandy and we have all of these things happening when a state gets hit, then what? >> it's interesting, this language of the economy just...
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Feb 19, 2013
02/13
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KQED
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because they made -- they tied education to the economy. i think exact opposite happens here. >> rose: yeah. >> in the last presidential election we heard maybe three lines about it. >> rose: in any debate. >> and the shocking thing is when we know that our problem in this country is jobs and the economy you can't not talk about education because the only way that we're going to regain our position in the global marketplace is to have a skilled work force. >> rose: you can either see it as a spending issue or an investment issue. >> that's right. and we 100% in this country do not see as an investment in our future. i think that's extraordinarily problematic. >> rose: but are we spending our dollars well, is the question. >> no. no. i saw a really interesting scatter plot about two years ago it was of all of the developed nations in the world and on one axis it was academic achievement levels and on the other it was per student expenditures. and we were in the quadrant that you don't want to be in. the you spend a lot of money and get low a
because they made -- they tied education to the economy. i think exact opposite happens here. >> rose: yeah. >> in the last presidential election we heard maybe three lines about it. >> rose: in any debate. >> and the shocking thing is when we know that our problem in this country is jobs and the economy you can't not talk about education because the only way that we're going to regain our position in the global marketplace is to have a skilled work force. >> rose:...
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154
Feb 16, 2013
02/13
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KQED
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eye 154
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no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stocks. by comparison, mutual funds holding u.s. stocks suffered their first outflows of the year. investment advisors say small investors may be on to
no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stocks. by comparison,...